Update on agreement with CarVal Investors, L.P

Further to the announcement of 25th February 2022, Insig AI plc (AIM:INSG), the data science and machine learning solutions company, is pleased to announce that it has now successfully delivered the new ESG scoring tools to CarVal Investors (“CarVal”), the global alternative investment manager. These scoring tools will be used by CarVal to optimise a new line of high yield (“HY”) and investment grade (“IG”) portfolios based on ESG considerations.

As previously announced, Insig AI will be entitled to annual fees based on CarVal’s assets under management raised in connection with the HY and/or IG focused investment pools.

CarVal’s proprietary ESG risk scores, combined with Insig AI’s Natural Language Processing disclosure scores, which use the Company’s machine learning techniques, enable rapid analysis of more data, scenarios and outputs. These capabilities are expected to enable CarVal to make more detailed ESG-influenced investment decisions.

Colm McVeigh, Chief Executive of Insig AI, said:

“Using the application of our NLP AI technologies, we are pleased to have delivered these ESG scores to CarVal and believe this will assist in providing a competitive advantage for CarVal’s new product launch.”

In the video below, CEO Steve Cracknell outlines the nature of the group’s business and its ongoing growth strategy